July 3 was a day of high drama for the European Union Emissions Trading System (EU ETS). That day, the European Parliament voted for the second time on a measure many market observers consider vital to the future of Europe's flagship climate change policy and the world's largest carbon trading scheme.
The measure in question was back-loading – a plan drawn up by the European Commission (EC) last November, which entails giving the EC the legal right to postpone the auction of 900 million European
The week on Risk.net, October 6-12, 2017Receive this by email
- Quantile, TriOptima face off in cleared swaps compression battle
- SGX, HKEX expect to be among first wave of Mifid II equivalence
- Leaked EU doc could shield legacy swaps from clearing grab
- ABS set for revival under US Treasury’s liquidity buffer plans
- Industry hails potential US relaxation of margin timing rules